What a busy month it has been for the construction industry! As anticipated from the million-dollar agreements, government agendas, and sustainability goals set this year, it comes as no surprise that January welcomed its fair share of new project launches. From EV battery recycling facilities and carbon-neutral buildings to Aston Martin-designed interiors and the first hotel in NEOM’s Oxagon, there...
Dubai’s booming real estate sector is set for further growth next year, with a projected growth of 46 per cent, recent research showed. According to data from Realiste, property prices in Dubai grew by 20-40 per cent over the last 12 months. Some areas saw even a bigger upturn. To illustrate, Palm Jumeirah grew by 59 per cent, and Trade Center First by 210 per cent. Advertisement Realiste is a...
The UAE's foreign trade hit “historic” levels last year and it is seeing "unprecedented" demand for property, Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, said on Monday after a cabinet meeting in Abu Dhabi. He said foreign trade recorded 17 per cent growth in 2022, reaching more than Dh2.2 trillion ($600bn). “Our foreign trade is accelerating and our international...